Quick 951 Insurance Question/ TEASER PICS
01-27-2009, 04:45 PM
#32
Race Director
I am at $700 per 6months, but that is for my 951 and my 2002 530 and 2003 ML320. I have progressive and the policy covers me and my wife. I could break out the 951, but the rate may change so it is tough to have a good number. Figuring all 3 cars the same would be fair.
This for standard full coverage. $100 deductable on the newer cars and $500 on the 951.
This for standard full coverage. $100 deductable on the newer cars and $500 on the 951.
01-27-2009, 05:24 PM
#33
Rennlist Member
Man, I'm paying a lot more than everyone else.
I guess that's what I get for living in Vancouver and having government owned insurance (ICBC).
I pay $2400/year with 40% discount.
Without that discount, I would have to pay $4000/year!
Perfect driving record. Driving for 9 years.
$1,000,000 Liability + Collision + Comprehensive
$300 deductable (The lowest I can get. I hate paying deductables)
Stupid expensive Canada.
I guess that's what I get for living in Vancouver and having government owned insurance (ICBC).
I pay $2400/year with 40% discount.
Without that discount, I would have to pay $4000/year!
Perfect driving record. Driving for 9 years.
$1,000,000 Liability + Collision + Comprehensive
$300 deductable (The lowest I can get. I hate paying deductables)
Stupid expensive Canada.
Yeah, but do they give you problems when it becomes time for a claim?
01-27-2009, 05:49 PM
#34
Rennlist Member
Well not quite the cost of TO, VAN or CGY... but our rents etc. are within 10% so it is not like we live in podunk nowheresville...
Wallace, I would investigate the differential in premium if you were to move your deductble to $1,000 or $1,500. You might find it substantial. I justified it on the basis that if I have less than $1,500 in damage, I am going to pay myself rather than pay for 5X or more in insurance premium increases... Let's face it $1,500 is a belts and wp job...
Wallace, I would investigate the differential in premium if you were to move your deductble to $1,000 or $1,500. You might find it substantial. I justified it on the basis that if I have less than $1,500 in damage, I am going to pay myself rather than pay for 5X or more in insurance premium increases... Let's face it $1,500 is a belts and wp job...
01-27-2009, 07:48 PM
#35
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congrats nelson. i'm glad you made a move on the car and you and i both know you couldn't have bought a nicer, well maintained car! sorry i missed your call this weekend, i'll give you a ring tonight. your mom and dad seemed excited when ryan and i delivered the car. i can only imagine your excitement!
-vic
-vic
01-28-2009, 01:34 AM
#37
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i have 10 points, under 21, and a accident where i totaled the car.
$480 A MONTH?! 
You pay almost $6k a year for coverage? Either you have DWI's or the worst driving record in history.
I have mine on coverage for just my garage/trailer/transport right now and I think it's around $280 a year. When I had it on the road I think it was around $780 per 6 months for full coverage (including glass/fire/theft) and a $750 deductible. It's been awhile so I can't remember exactly.
Congrats on the purchase the car looks very clean!
You pay almost $6k a year for coverage? Either you have DWI's or the worst driving record in history.I have mine on coverage for just my garage/trailer/transport right now and I think it's around $280 a year. When I had it on the road I think it was around $780 per 6 months for full coverage (including glass/fire/theft) and a $750 deductible. It's been awhile so I can't remember exactly.
Congrats on the purchase the car looks very clean!
01-28-2009, 02:00 AM
#38
Racer
Well not quite the cost of TO, VAN or CGY... but our rents etc. are within 10% so it is not like we live in podunk nowheresville...
Wallace, I would investigate the differential in premium if you were to move your deductble to $1,000 or $1,500. You might find it substantial. I justified it on the basis that if I have less than $1,500 in damage, I am going to pay myself rather than pay for 5X or more in insurance premium increases... Let's face it $1,500 is a belts and wp job...
Wallace, I would investigate the differential in premium if you were to move your deductble to $1,000 or $1,500. You might find it substantial. I justified it on the basis that if I have less than $1,500 in damage, I am going to pay myself rather than pay for 5X or more in insurance premium increases... Let's face it $1,500 is a belts and wp job...
This makes my insurance much more expensive.
Increasing deductibles to $500 or $1000 actually doesn't save that much in premiums. I looked at the difference when I renewed this year.
Vancouver is a very expensive place to live.
Outside of Greater Vancouver, car insurance is roughly 40% less.
01-28-2009, 02:03 AM
#39
Rennlist Member
I should also mention that my S2 is my only car, daily driven about 30kms a day.
This makes my insurance much more expensive.
Increasing deductibles to $500 or $1000 actually doesn't save that much in premiums. I looked at the difference when I renewed this year.
Vancouver is a very expensive place to live.
Outside of Greater Vancouver, car insurance is roughly 40% less.
This makes my insurance much more expensive.
Increasing deductibles to $500 or $1000 actually doesn't save that much in premiums. I looked at the difference when I renewed this year.
Vancouver is a very expensive place to live.
Outside of Greater Vancouver, car insurance is roughly 40% less.
01-28-2009, 01:35 PM
#42
Rennlist Member
Nelson, nice car! I still think you should have bought mine, but I guess that one will do. 
Actually, I'm glad mine didn't sell. I'm putting in some more track car goodies and converting the interior to black. Gonna be nice!
Actually, I'm glad mine didn't sell. I'm putting in some more track car goodies and converting the interior to black. Gonna be nice!
01-28-2009, 01:49 PM
#43
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01-29-2009, 10:37 PM
#45
Instructor
Man, I'm paying a lot more than everyone else.
I guess that's what I get for living in Vancouver and having government owned insurance (ICBC).
I pay $2400/year with 40% discount.
Without that discount, I would have to pay $4000/year!
Perfect driving record. Driving for 9 years.
$1,000,000 Liability + Collision + Comprehensive
$300 deductable (The lowest I can get. I hate paying deductables)
Stupid expensive Canada.
I guess that's what I get for living in Vancouver and having government owned insurance (ICBC).
I pay $2400/year with 40% discount.
Without that discount, I would have to pay $4000/year!
Perfect driving record. Driving for 9 years.
$1,000,000 Liability + Collision + Comprehensive
$300 deductable (The lowest I can get. I hate paying deductables)
Stupid expensive Canada.
You should think more about raising your deductible. Take the difference in your premiums each month and put it into a separate bank account (auto-transfer so you don't have to think about it) in case you need it. You're still paying the same thing (your new lower premium + your auto-transfer), and (after a while) you'll still pay the same deductible (your original deductible plus what you have in your new account to make the higher deductible). Except now, if you never need it, you have a bank account full of money.
